Ceiling Tiles Market will Rise US$ 43 Billion By 2023

Florida,January 08,2018:Increasing construction activities has boosted the demand for ceiling tiles. Ceiling tiles are sound absorbing and lightweight construction materials, which are used to cover a ceiling area. They are used in the interior of buildings, placed in an aluminum grid to enhance the acoustics of a room while providing thermal insulation. Ceiling tiles are generally used in a retail store, offices, hospitals, building perimeter, hotels, and transportation terminals.

This market study analyses the market by its value chain. Value chain analysis starts with the analysis of feedstock products and ends with the analysis of end-user industry. The report uses “Market Attractiveness Analysis” and “Porter’s Five Forces Model” to analyze the diverse factors affecting the expansion of the market.

TheGlobal Ceiling Tiles Market was valued at US$ 19.80 Billion in 2014 and is projected to cross US$ 43.00 Billion by 2023, expanding at a CAGR of more than 9.0% between 2015 and 2023.

a)Market Attractiveness Analysis – It provides the information about the most attractive and least attractive market segments by Product, Application and Geography.

b)Porter’s Five Forces Model – It analyses the factors such as degree of competition, bargaining power of suppliers and buyers, threat of substitutes and threat of new entrants.

This report segments the global ceiling tiles market by:

By Product Segment Analysis

Mineral Wool

Metal

Gypsum

Others (Wood, Plastic, etc.)

By Application Analysis

Residential

Non-residential

Hospitality (Restaurants, Hotels, etc.)

Commercial (Offices, Shopping Plazas, etc.)

Institutional (Hospital, Educational Institutes, etc.)

Industrial (Factories, Warehouses, etc.)

By Regional Analysis

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Rest of the World (ROW)

Why to Purchase this Report?

It provides thorough analysis of the ceiling tiles market by key products (mineral wool, metal, gypsum and others) and its applications (residential, non-residential including hospitality, commercial and institutional.

It also segments the market based on major geographies into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

This report provides volume and revenue for each application segment for each region.

The report includes an overview of the market share of key companies in the global ceiling tiles market.